Monthly Archives: April 2011
Avoca buys Liontrust hedge funds
Irish Times – Avoca Capital, the Dublin-based manager of collateralised loan obligations, has acquired two high-yield bond hedge funds from UK fund manager Liontrust. Five credit specialists from Liontrust, including fund manager Simon Thorp, will be hired by Avoca as […]
Former CEO of Iron Mountain takes charge as hedge fund seeks change
Boston Herald – A shake-up at the top of Iron Mountain sparked a stock rally and sent signals that the Hub-based document storage firm may become more willing to work with investors pushing for major changes. Iron Mountain yesterday replaced CEO […]
Hedge funds vs. mutual funds
Financial Post – The world of retail investing has become quite complicated. It seems as though Bay St. and Wall St.’s best and brightest are constantly dreaming up new ways to package people’s money into pools and invest the funds […]
Ex-Goldman Trader Returns 0.9% After Starting Hedge Fund 4 Days Post-Quake
Bloomberg – Hayate Atom Multi Strategy fund has returned 0.9 percent since former Goldman Sachs Group Inc. (GS) trader Masaru Matsumoto started the Japan focused hedge fund four days after the nation’s strongest earthquake on record. The fund, which invests in […]
DMS Launches Brazil Hedge Fund Office
New York (HedgeCo.net) – Hedge fund governance firm, dms Management Ltd. (DMS), is expanding its global presence with the opening of an office in Sao Paulo, Brazil: dms Management (Brasil) Assessoria Empresarial Ltda. The establishment of the Brazil office marks […]
The Conifer Group and InvestCloud to Create InvestCloud Solutions
The Conifer Group, LLC today announced the creation of a joint venture with InvestCloud LLC, a Cloud portal and interactive data repository design company. The new company will be known as InvestCloud Solutions, a Conifer Group Company. The partnership will […]
Kiener Says He Manipulated Funds, Lacked Courage to Close K1
Bloomberg – K1 Group founder Helmut Kiener, accused of running a 345 million-euro ($500 million) Ponzi schme, told a court he manipulated accounts and lacked the “courage” to shut down his hedge fund when the scale of his losses became […]
Should Insider Trading Become Legal?
Advanced Trading – Everyday it seems like someone on Wall Street is being charged with insider trading. From the trial of Raj Rajaratnam, to the largest insider trading scandal in New Jersey history, the government has been cracking down hard […]
Money managers in China brew own hedge fund industry
Reuters – China is taking baby steps to develop its hedge fund industry as domestic money managers rush to roll out products armed with the country’s one-year-old derivatives market, creating a fertile ground for its own version of industry legends […]
‘Waiting for Superman’ Hero Defends Hedge Fund Boss in Insider Trader Trial
WNYC – Renowned educator Geoffrey Canada, who played a key role in the 2010 documentary “Waiting for Superman,” testified Wednesday on behalf of hedge fund manager Raj Rajaratnam, who is on trial in Manhattan for alleged insider trading. A high profile […]
Marketing hedge funds to Australian investors
Opalesque – In a presentation on how to market hedge funds to institutional investors in Australia, Steven Hall, CEO of Australian based third party marketing firm Brookvine noted that it is well worth marketing hedge funds to this investor group, as […]